ACH vs. Wire Transfers: Which Is Right for You?
Nanonets
SEPTEMBER 8, 2023
The sender's bank transmits a message through a secure messaging service like SWIFT or Fedwire. NACHA for ACH and government-run rails like FedWire & Swift for Wire. Once a wire transfer has cleared, it becomes irrevocable, with a few exceptions. The receiver bank then provides the funds to the receiver.
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